Monday, February 15, 2016

For a long while now, analysing data has been regarded as the next frontier for productivity and remaining at the forefront of existing competition in business. It has been forecasted by Tech Company EMC, that in 2020 there will be growth increase to over 40,000 exabytes allowing for a large scope to analyse very large amounts of unstructured data such as social media messages and pictures.

The relevance of this development cannot be overstated. Business data analysis is instrumental to understanding the current state of a brand/business to ensure the right steps for growth and expansion are identified and executed for growth and expansion.

The one sure way to increase the relevance of business data analysis to business success and increased productivity/profitability lies in the statement of an obvious need for information that is mostly understood by an in-depth knowledge of the target audience of your business, which includes detailed demographics and their characteristics among other things.

Hence, data analysis involves inspecting the relevant parts of a large body of unstructured information collected and categorized into useful formats to initiate the best decision making to ensue.

Because of how important it is to collect and analyse such information, we have set up services and products to point you in the right direction towards increasing the worth of your brand’s productivity and ensure your business expansion.

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the рrіmаrу еlеmеntѕ of іnfоrmаtіоn. Thеѕе аlоnе аrе іrrеlеvаnt to the
dесіѕіоn-mаkіng рrосеѕѕ. A рhоnе numbеr оr a nаmе оf a person аrе examples of
dаtа. The dаtа can соmе frоm еxtеrnаl оr іntеrnаl
company sources, can be оbjесtіvе оr subjective, qualitative or ԛuаntіtаtіvе.

Monday, February 1, 2016

Companies collect,
process, and report on large volumes of data every year. The average manager
spends an average of two hours a day hunting for data. Unfortunately, almost
half of the information they get later turns out to be useless. For a business
to be successful, the top leadership needs to find efficient methods of turning
their data into useful information. To do this, they must carry out data
analysis.

Raw data simply
describes the figures and facts processed by the company every day. A company
will learn very little by looking at the raw data. Data becomes information
after it has been processed to add relevance, context, and purpose. For
example, analyzed sales data will reveal sales patterns and trends that can
help the company make very important decisions. Analyzed sales data will reveal
which items move fast and in which periods. An example is a sales and inventory management solution we built for Coretronic Nigeria Limited.

In order to
increase productivity/profitability, a company must carry out business analysis
and act on analyzed data. Today, the level of competition in the market
requires companies to be proactive when it comes to the changing environmental
conditions and the changing demands from customers. But decision-making has increasingly
become more difficult because of the large volumes of data that managers have
to deal with and understand. However, this process has been made easier, thanks
to the business intelligence tools that we help design to assist managers
with decision-making.

Business
intelligence tools process data from multiple sources and then they produce
reports on the information to increase the decision-makers’ knowledge. The
tools help decision-makers understand customer preferences, identify growth
opportunities, and increase competitiveness.

Don't forget to reach us at info@urbizedge.com and +234-808-938-2423 or +1-941-312-2094